Hercules Capital, Inc. (HTGC) Earnings History
Annual and quarterly earnings data from 2004 to 2025
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HTGC EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
HTGC Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 87.2% | 66.7% | 62.1% |
| 2024 | 82.1% | 61.0% | 61.0% |
| 2023 | 86.3% | 68.3% | 68.3% |
| 2022 | 77.1% | 42.6% | 42.6% |
| 2021 | 82.4% | 56.3% | 56.3% |
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Hercules Capital, Inc. (HTGC) Earnings Overview
As of May 8, 2026, Hercules Capital, Inc. (HTGC) reported trailing twelve-month net income of $289M, reflecting +14.9% year-over-year growth. The company earned $1.47 per diluted share over the past four quarters, with a net profit margin of 62.1%.
Looking at the long-term picture, HTGC's 5-year EPS compound annual growth rate (CAGR) stands at -1.6%, signaling declining earnings. The company achieved its highest annual net income of $340M in fiscal 2025, representing a new all-time high.
Hercules Capital, Inc. maintains industry-leading profitability with a gross margin of 87.2%, operating margin of 66.7%, and net margin of 62.1%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including ARCC ($1.15B net income, 41.3% margin), GBDC ($205M net income, 43.2% margin), OBDC ($544M net income, 37.4% margin), HTGC has outperformed on profitability metrics. Compare HTGC vs ARCC →
HTGC Earnings vs Peers
Earnings metrics vs comparable public companies
HTGC Historical Earnings Data (2004–2025)
22 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $340M | +29.2% | $365M | $1.85 | 62.1% | 66.7% |
| 2024 | $263M | -22.1% | $263M | $1.61 | 61.0% | 61.0% |
| 2023 | $337M | +230.6% | $337M | $2.31 | 68.3% | 68.3% |
| 2022 | $102M | -41.4% | $102M | $0.79 | 42.6% | 42.6% |
| 2021 | $174M | -23.4% | $174M | $1.49 | 56.3% | 56.3% |
| 2020 | $227M | +30.9% | $227M | $2.01 | 63.6% | 63.6% |
| 2019 | $174M | +126.9% | $174M | $1.71 | 58.2% | 58.2% |
| 2018 | $76M | -3.2% | $76M | $0.83 | 43.6% | 43.6% |
| 2017 | $79M | +15.0% | $79M | $0.95 | 45.5% | 45.5% |
| 2016 | $69M | +60.1% | $69M | $0.91 | 47.9% | 47.9% |
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Start ComparisonHTGC — Frequently Asked Questions
Quick answers to the most common questions about buying HTGC stock.
Is HTGC growing earnings?
HTGC EPS stands at $1.47, with +14.9% growth matching the 5-year CAGR of -1.6%. TTM net income is $289M. Earnings trajectory remains consistent.
What are HTGC's profit margins?
Hercules Capital, Inc. net margin is +62.1%, with operating margin at +66.7%. Above-average margins indicate pricing power.
How consistent are HTGC's earnings?
HTGC earnings data spans 2004-2025. The current earnings trend is +14.9% YoY. Historical data enables comparison across business cycles.